Aluminum

Alba’s Annual General Meeting announces approval for 2014 cash dividends

Aluminium Bahrain B.S.C. (Alba), held its Annual General Meeting ‘AGM’ on Sunday, March 01, 2015 at Al-Dana Hall, Aluminium Bahrain, Askar, during which approval was given to the distribution of cash dividends related to the fiscal year 2014.   The total dividends for the fiscal year 2014 amounted BD 38.2 ...

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European aluminum alloy prices soar on high demand, tight availability

Platts – Market prices for Europe’s key grade of aluminum alloy, 226, have soared higher on continued high levels of demand and tighter availability as a number of buyers have come into the market for second-quarter supplies. Platts weekly assessment of standard 226 grade spot Friday increased to Eur1,850-1,900/mt ($2,098-2,155/mt) ...

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2014 Aluminium Production in the GCC

  GAC – Collectively the five aluminium companies (EGA, Alba, Ma’aden, Qatalum and Sohar Aluminium) produced 4,928,143 tons of primary aluminium in 2014 compared to 3,748,616 tons in 2013, an increase of 31%. GCC Aluminium production constitutes 10% of the total world production. The main increase has come from Ma’aden ...

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North American Aluminum Demand Grows 5.0 Percent in 2014

AA — The aluminum industry in the United States and Canada saw year-over-year demand growth of 5.0 percent through the end of 2014. This according to preliminary data released today in the Aluminum Association’s monthly “Situation Report.” The estimated 25.5 billion pounds (1,133,981 mt) of aluminum shipped by North American ...

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Europe’s aluminum alloy prices jump on strong demand, tight scrap

Platts – Strong demand for Europe’s key grade of aluminum alloy, 226, has tightened supply in the region and pushed prices higher, sources said. In addition, the euro’s relative weakness versus the dollar has made both secondary aluminum and aluminum scrap more attractive to Asian buyers. Tighter supply, evident since ...

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Chinese shake up aluminium market with export surge

WSJ – SURGE in aluminium exports from China is altering market ­dynamics for one of the world’s most heavily traded commodities. Because of quirks in China’s tax system, the trend involves reshaping the metal itself. Aluminium prices on the Shanghai futures exchange have dropped 8 per cent in the past year ...

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